Arrangements are in top gear to kick-start the exploration of the large deposit of Bitumen in Ondo State by an indigenous company, South West Bitumen, (SWB) which has secured a 25-Year renewable operational mining license across a land mass of about14,800 Hectares in the Southern part of the Sunshine State.
Speaking during a working visit to the Ondo State Governor, Oluwarotimi Akeredolu, SAN; the Managing Director of South West Bitumen Company, Engineer Akin Odumakinde, disclosed that construction of a befitting operational base for the company would be completed within the next three months.
Engineer Odumakinde who told the governor that the SWB was ready to commence mining operation of bitumen in the state very soon having taken delivery of needed equipment and paid the agreed compensation to the families of land owners whose landed properties were within the landmass acquired for the project.
He said on completion, several persons would be employed from the host communities across Odigbo , Irele and Okitipupa Local Government Areas.
He categorically stated that a Bitumen Research and Development Centre has been established at the Federal University of Technology in Akure and its affiliate to be at the state’s University of Science and Technology, Okitipupa.
At inception of his administration the governor had stated that the bitumen project was close to his heart adding that the product which the state has in large abundance would not only be harnessed but also bring about the desired change to the economic fortunes of the state.
While briefing the governor on the efforts carried out so far on the project, the Managing Director explained that the nation stands to benefit a lot from the project.
He stressed that Nigeria consumes more than 95% of bitumen processed in West Africa, noting that the state ranked 5th largest bitumen reserves in the world with the potential of producing asphalt products that can compete in the international market if explored.
Responding, Governor Oluwarotimi Akeredolu commended the company for its efforts towards ensuring the realisation of the untapped products and also resolving with host communities in a more civil manner which will be of great benefit to them and the state at large.
Arakunrin Akeredolu acknowledged the former Minister of Mines and Steel Development and now the Governor of Ekiti, Dr Kayode Fayemi, for his immeasurable interest at granting the license to the company .
He assured that the State Government would look speedily into the request to confer Deeds of Ownership of the acquired land for the project on the company through the issuance of Certificate of Ownership.

https://citadelng.com/bitumen-exploration-set-to-begin-in-ondo-state/

This a good development




Tarsand is the mainstay of Canada oil industry

I hope this improves the standard of living of the average citizen.

Hope this won't go down like mimiko promise

Great

Hardwork pays...

I hope what happens in south south communities where oil is been explored won't happen in Ondo state

We have been hearing this since, even Mimiko promised the same. They should just start it and then announce after the real exploration begins abeg.

F

Very good

Okay

they've been setting for long.. lmao..

good move if you ask me

That's a welcome development,provided other environmental factors are taken into consideration.Meanwhile any fresh babe here for bitumen exploration?

Nice way for a positive step

what a great step!

This is a very welcome development. Hopefully the same is developed for marijuana exploration and if executed properly would do wonders for Yorubaland.

My state has been on the news lately for good.


Better days ahead.

I'm getting really tired of all this empty talk. When it has started, wake me up. This is what they use to deceive people every four years. Nigerian politicians need to get this words out of their dictionary;
about to begin
set to start
set to finish
we will complete
will begin production
will start
become operational
Will be delivered

to

Has completed
Has started production
Now operational
Has finished

ATTENTION!!! GET JOBS IN CONSTRUCTION & ENGINEERING
Are you an artisan (welder, carpenter, painter, mechanic etc) or professional(Engineer, Architect, Surveyor etc)? Looking for new jobs or clients in Construction, housing, Oil and Gas, and engineering.
Register on KonstructApp, and you will be connected to clients fast. Register Here>>https://blnk.in/XyUQky